8. Auditor

Time of assumption of the current audit mandate

Deloitte AG, Zurich, was registered in the commercial register as the auditor for Von Roll Holding AG on June 11, 2004.

Assumption of office of the auditor in charge who is responsible for the current audit mandate

The auditor is appointed by the General Meeting for one financial year, and the same auditor may be reappointed in the next financial year. The applicable statutory maximum term of office for an auditor in charge of seven years (Art. 730a Para. 2 CO) is not limited by the Articles of Association. Mr. Patrick Fawer has been appointed auditor in charge for the fourth year.

The fee paid to the auditor (including the auditors belonging to the network of the statutory auditor) for the audit of the 2019 financial statements was TCHF 368 in total (2018: TCHF 395).

During the reporting period, additional fees of approximately TCHF 6 (2018: TCHF 60) were paid for tax (TCHF 2) and compliance (TCHF 4).

The auditor submits a written report to the Audit Committee of the Board of Directors for each scheduled meeting concerning relevant audit activities and other important processes in connection with the company. Representatives of the auditor participate in individual agenda items of the meetings of the Audit Committee, explain their activities and take questions. The auditor attended all three meetings of the Audit Committee in the reporting year. Further discussions were also held between the auditor and the Executive Management.

The activities of the auditors are monitored by the Audit Committee of the Board of Directors. This committee annually assesses the performance, remuneration, independence and scope of the audit as well as the relevant procedures.